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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 50
Solve the following application problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
RIVER-RAFT SALES Olympic Sports purchased a job lot of 380 river rafts for $7600. If they sold 158 of the rafts at $45 each, 74 at $35 each, 56 at $30 each, and the remainder at $25 each, find (a) the total amount received for the rafts, _____ (b) the total markup, _____ (c) the markup percent on selling price, _____ and (d) the equivalent markup percent on cost. _____
RIVER-RAFT SALES Olympic Sports purchased a job lot of 380 river rafts for $7600. If they sold 158 of the rafts at $45 each, 74 at $35 each, 56 at $30 each, and the remainder at $25 each, find (a) the total amount received for the rafts, _____ (b) the total markup, _____ (c) the markup percent on selling price, _____ and (d) the equivalent markup percent on cost. _____
Explanation
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In part (a) you are asked to find the to...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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